Savings Analysis

Ambulance Billing and CollectionsIntelliSolve Billing Services has a collection rate of 96-98%; in-house billing typically collects 83-85%. Based on $350,000 in annual receivables, IntelliSolve Billing Services will collect an average of $45,500 more. This brings your total savings to $110,800.67!

DESCRIPTION

IN-HOUSE BILLING COST

INTELLISOLVE BILLING COST

Employee Salary – two billers at$16.00/hr x 40 hrs/wk$1280/wk x 52 weeks $66,560.00 per year total
($33,280.00 per employee)
$24,500 per year based on average of $350,000 receivables per year at 7.0%.
Medical benefits
($300/month average per employee)
$7,200.00 per year $0.00
Workers Compensation
(2 employees at $2.00 per $100.00)
$1,331.20 per year $0.00
Payroll Taxes
(2 employees at $46 per pay period x 26 pay periods)
$2,392.00 per year $0.00
Payroll Fees (average) $1,040.00 per year $0.00
Electronic Claims Fees
($0.25/claim with 260 claims per month = $65 per month)/p>
$780.00 per year $0.00
Eligibility, Claim Status and other services
($90.74 per month average)
$1,088.88 per year $0.00
Paper Claims, Postage $1,620.37 per year $0.00
Patient Statements, Postage $972.22 per year $0.00
Lost Productivity
(6 paid sick days and one week paid vacation/year per employee)
$2,816.00 per year $0.00
Coding books, continuing education +/-$4,000.00 per year $0.00

Total:

$89,800.67

$24,500.00

That’s a savings of $65,300.67 per year – with no lost productivity and no workers compensation or unemployment claims to worry about. You simply dispatch the call, complete via emsCharts and we do the rest!
Choosing IntelliSolve Billing Services over in-house billing also translates into substantial savings on equipment, software and IT services as well…
  • CAD and billing software starts at around $25,000.00 and can go as high as $85,000.00.
  • Servers for the software start at $5,000.00 and can cost as much as $10,000.00.
  • Don’t forget the IT professionals for support and maintenance

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